IESO Picks Ameresco, Atura Power JV To Build Battery Energy Storage System In Canada
Portfolio Pulse from Akanksha Bakshi
Ameresco Inc's joint venture with Atura Power has been selected by the Independent Electricity System Operator (IESO) in Canada to build a 250 MW, 1,000 MWh battery energy storage system. The project will be completed under a joint venture named Napanee BESS Inc, which will enter into a 20-year capacity agreement with IESO.

June 08, 2023 | 3:18 pm
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Ameresco's joint venture with Atura Power has been chosen by IESO to build a large battery energy storage system in Canada, entering a 20-year capacity agreement.
Ameresco's joint venture with Atura Power has been selected for a significant project in Canada, which will likely have a positive impact on the company's reputation and future business opportunities. The 20-year capacity agreement with IESO also provides long-term revenue potential. However, the stock is currently trading lower, which may be due to other market factors.
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IMPORTANCE 80
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